Apple is rumoured to invest in LG’s Displays in 2018 which will make it one of the biggest clients. According to Japan’s Nikkei newspaper, Apple Inc. is set to switch to OLED from 2018.
LG Display, confirmed its commitment after it announced in August that it would invest more than KRW10 trillion ($8.71 billion) in expanding production of large-size OLED panels, flexible OLED panels and premium LCDs. LG Display will invest KRW1.84 trillion ($1.6 billion) to begin building a new panel plant in Paju, Gyeonggi Province, Korea, with production expected to commence in the first half of 2018.
The company decided on the new plant, known as P10, because of anticipated demand for OLED panels over the next several years. The P10 plant will mainly produce both large-size OLED TV panels and flexible OLED panels for smart watches and automotive displays.
The ($1.6 billion) investment covers the construction of the P10 building, the foundations for the clean rooms and infrastructure for water and power supplies and will begin this year.
The completed plant will cover an area of 382m x 265m, which is equivalent in size to 14 football fields, and will be 100 meters high. Plans call mostly for the installation of large size OLED lines that will be 9th generation or above and along with flexible OLED lines at the new plant.
The first production line is scheduled to start mass production in the first half of 2018.The company is expecting the lines will produce OLED in every product segment, including ultra large-size products as well as future products such as flexible and transparent displays.
Dr. Sang Beom Han, CEO and President of LG Display said, “LG Display’s investment in P10 Plant is a historical investment for the industry since it will not only help expand the OLED market but also accelerate the development of future display technologies. With the active support of the Korean government, we believe the P10 plant will become the center of the global OLED industry.”
The company has already announced it will invest KRW1.05 trillion in a 6th generation flexible OLED production line in Gumi, Gyeongsangbuk Province. The 6th- generation production line will produce 7,500 sheets per month and is expected to start mass production in the first half of 2017.